has partnered with eClosing platform company Pavaso
to simplify the mortgage closing process for homebuyers across the country. Quicken Loans, Title Source’s sister company, introduced Rocket Mortgage
, allowing the company to digitally originate mortgages online.
“Our goal is to provide a closing experience that is fast and easy, both for the closing agent and the client they are helping,” said Title Source Chief Operating Officer Brian Hughes. “Rather than dealing with a mountain of paperwork, a digital closing allows clients to scroll through every page of their closing package, eSigning each document as needed. Better yet, this technology can be easily scaled so clients across all 50 states are able to use it.”
Through the partnership with Pavaso, Title Source will be able to offer secure and efficient eClosing solutions to its clients. This technology enables Title Source’s closing agents to utilize mobile tablets in place of the often 100 pages of paper clients would usually sign. Additionally, the Pavaso platform meets all relevant digital process standards, and provides industry-leading security to every single stakeholder in the process.
“We’ve always believed that Pavaso is the key to a fully digital closing, as it is the only provider to have mastered the complexity of lender and title agent relationships across all 50 states,” said Pavaso Chief Executive Officer Mark McElroy. “While so many companies are focused on eClosing loans in one or two states, Title Source and Quicken Loans are focused on building systems that will scale and allow closings nationwide. It is for reasons like this that we are proud to partner with the industry’s most innovative mortgage lender, and honored that Title Source and Quicken Loans have decided to work with Pavaso.”
Jay Farner, Quicken Loans CEO, said, “Quicken Loans’ number one priority is simplifying the mortgage process for our clients. Rocket Mortgage made our industry stand up and take notice, and our company continues taking the lead in revolutionizing the mortgage experience with eClosing. We look forward to working with Title Source and Pavaso to provide a radically simple mortgage experience.”